SHA:600452 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,983	3,114	3,439	3,559	3,144	2,654
Other Revenue	2.71	2.71	3.23	3.11	1.19	0.33
Revenue	2,986	3,117	3,442	3,562	3,146	2,654
Revenue Growth (YoY)	-4.14%	-9.46%	-3.36%	13.25%	18.50%	1.24%
Selling, General & Admin	120.88	121.84	122.53	133.84	127.54	94.54
Provision for Bad Debts	50.48	-51.61	14.29	27.96	35	12.15
Other Operating Expenses	2,424	2,488	2,725	2,769	2,433	2,112
Total Operating Expenses	2,596	2,558	2,863	2,931	2,596	2,218
Operating Income	389.97	558.54	578.96	631.51	549.77	435.95
Interest Expense	-0.96	-0.82	-4.92	-10.99	-45.52	-51.45
Interest Income	51.96	40.85	33.33	27.15	38.48	0.7
Net Interest Expense	51	40.03	28.4	16.16	-7.04	-50.75
Income (Loss) on Equity Investments	7.13	4.55	3.38	-	-	19.89
Other Non-Operating Income (Expenses)	-10	-0.31	-1.16	-2.23	-0.71	-0.18
EBT Excluding Unusual Items	438.1	602.82	609.58	645.44	542.03	404.92
Gain (Loss) on Sale of Investments	-	-	-	-	-8.36	3.08
Gain (Loss) on Sale of Assets	5.43	3.54	-0.56	-3.55	1.05	19.16
Other Unusual Items	17.37	8.7	10.09	35.33	6.54	4.32
Pretax Income	460.9	615.06	619.11	677.22	541.24	431.47
Income Tax Expense	70.72	100.61	93.76	64.58	35.39	30.69
Net Income	390.19	514.46	525.35	612.65	505.86	400.78
Net Income to Common	390.19	514.46	525.35	612.65	505.86	400.78
Net Income Growth	-21.81%	-2.07%	-14.25%	21.11%	26.22%	1.02%
Shares Outstanding (Basic)	1,560	1,559	1,545	1,532	1,545	1,243
Shares Outstanding (Diluted)	1,560	1,559	1,545	1,532	1,545	1,243
Shares Change (YoY)	0.15%	0.89%	0.88%	-0.87%	24.29%	-0.07%
EPS (Basic)	0.25	0.33	0.34	0.40	0.33	0.32
EPS (Diluted)	0.25	0.33	0.34	0.40	0.33	0.32
EPS Growth	-21.92%	-2.94%	-15.00%	22.18%	1.55%	1.10%
Free Cash Flow	61.77	714.78	525.45	1,159	-351.1	564.84
Free Cash Flow Per Share	0.04	0.46	0.34	0.76	-0.23	0.45
Dividend Per Share	0.090	0.105	0.104	0.107	0.079	0.078
Dividend Growth	-41.41%	1.35%	-3.36%	35.18%	1.80%	40.11%
Profit Margin	13.07%	16.51%	15.26%	17.20%	16.08%	15.10%
Free Cash Flow Margin	2.07%	22.93%	15.26%	32.55%	-11.16%	21.28%
EBITDA	1,025	1,348	1,574	1,677	1,559	1,246
EBITDA Margin	34.33%	43.25%	45.73%	47.06%	49.58%	46.94%
D&A For EBITDA	635.01	789.45	995.37	1,045	1,010	810.03
EBIT	389.97	558.54	578.96	631.51	549.77	435.95
EBIT Margin	13.06%	17.92%	16.82%	17.73%	17.48%	16.42%
Effective Tax Rate	15.34%	16.36%	15.14%	9.54%	6.54%	7.11%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.